Settlement Agreement and Redundancy

Adam contacted Camille Renaudon after he had been offered a settlement agreement by his employer as an alternative to redundancy. He initially spoke with Danielle, Camille’s secretary, who set up a file and arranged an appointment promptly.

During his appointment, Camille provided independent legal advice on the settlement agreement, explaining the terms in detail and advising Adam on his options. Following this advice, Adam asked Camille to negotiate specific aspects of the agreement on his behalf.

As a result of these negotiations, Adam’s employer agreed to increase the tax-free termination payment by an additional 25%. They also agreed to release him from certain restrictive covenants contained within his employment contract and to increase their contribution towards his legal fees.

Although Adam ultimately made a small contribution towards his legal costs, the additional sums secured through negotiation meant that the financial benefit he received was worth more than ten times his outlay.

Our employment law team regularly provides settlement agreement advice for employees, including reviewing settlement terms, negotiating improved offers and ensuring agreements are legally binding before they are signed.